Trump Media and Tech Group (NO Politics Allowed) (DJT)

[satter]

Judge backs argument that Trump fraudulently got better loan terms

State attorney Kevin Wallace, challenging the testimony of an expert witness for the defense, angrily argued that Trump used fraudulent means to gain access to favorable loan rates through Deutsche Bank's private wealth management division.

The exchange came during Wallace's cross-examination of defense expert Robert Unell, who disputed the state's claim that Trump's alleged misstatements cost lenders $168 million in lost interest because, Unell said, the loan rates the state used in their calculation were higher than the rates Trump was entitled to when he used a personal guarantee as a private wealth client.

"Once you are in the private bank, you are in this sort of rarified air, and you get access to these rates ... it is a flawed premise to say you have to compare it to the outside air," argued Trump attorney Chris Kise after Judge Arthur Engoron removed Unell from the courtroom so the attorneys could hash out the permissibility of Wallace's argument.

Shouting at Kise for repeatedly making lengthy objections, Wallace argued that Trump would have not qualified for the private bank rates had he not fraudulently overstated his assets.

"The court has found that Mr. Trump committed fraud," Wallace said. "To get into the private wealth group, he committed fraud."

"He lied to the private wealth group to get these loans. Therefore, we are looking at what the interest rate would have been had he not had access to the group he lied to," Wallace said of the state's calculation.

Overruling Kise's objection, Engoron said that he supported Wallace's theory.

"I think his explanation is correct," Engoron said.

Yes it's correct, he only got access to the private wealth interest rates because he lied, committed fraud, so you can not look at those rates.

That's what's it's all about, inflating the assets to get favorable loans. Hey my apartment is now 33,000 st ft instead of 10/11,000 sq ft, because it includes the building elevator and terrace above me.

He is such a fraud/Con. When I heard this Clown was running for President in 2015, I thought it was a Joke. He was a Scammer back then with his Scam fake University, and was so full of himself. Always a nothing. Many did not know, got excited with his announcement. I use to say wait you'll see, you don't know this joker. Ignorant, Liar, Cheat, Ego Maniac, Woman Abuser, Fraudster, soon to be Criminal, Mr. Sharpie, the Orange Jesus, to lead cultist pumper here, can you believe the insanity